Second South West Indian Ocean Fisheries Governance and Shared Growth Project (WB-P153370)

Countries
  • Madagascar
Where the impacts of the investment may be experienced.
Specific Location
Diana and Sofia regions; Sava and Analanjirofo regions; and the Melaky region
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Mar 28, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
MINISTRY OF FINANCE
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 74.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 84.15 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Oct 12, 2017

Disclosed by Bank Jul 1, 2015


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
According to bank documents, the proposed Project Development Objective is to improve the management of selected fisheries at regional, national and community levels and to increase access by targeted fishers to alternative livelihood activities. This project has the following components: Component 1. Enhanced regional collaboration Component 2. Strengthening capacities for priority fisheries management Component 3. Strengthening capacities for engagement in alternative fishing practices and livelihoods activities Component 4. Project management and coordination The project will focus on five target areas. Those selected areas have been identified by the Malagasy National Plan as strategic regions for fisheries, and potential fisheries growth poles. Of them three regions where fisheries management plans have been developed or are under finalization are considered priority, namely : Ambaro bay and Ampasidava in the Diana and Sofia regions; Antongil bay in the Sava and Analanjirofo regions and Maintirano area in Melaky region. The two other areas, in the Androy and Atsimo-Atsinanana regions, are characterized by fisheries development potential and the weak presence of the administration as well as the food shortage challenge in the Androy region.
Investment Description
  • World Bank (WB)
Contact Information
ACCOUNTABILITY MECHANISM OF WORLD BANK The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.